SunPower Corporation. (NASDAQ:SPWR) Q2 2022 Earnings Conference Call August 2, 2022 8:30 AM ET

Company Participants

Mike Weinstein - Vice President-Investor Relations

Peter Faricy - Chief Executive Officer

Manu Sial - Chief Financial Officer

Conference Call Participants

Sean Morgan - Evercore ISI

Ben Kallo - Baird

Pavel Molchanov - Raymond James

Morgan Kaplan - Bank of America

Kashy Harrison - Piper Sandler

Colin Rusch - Oppenheimer

Mark Strauss - JPMorgan

Operator

Good day and thank you for standing by. Welcome to SunPower’s Second Quarter 2022 Results. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions]

Please be advised that today’s conference is being recorded. I would now like to hand the conference over to your speaker today, Michael Weinstein, Investor Relations for SunPower. Please go ahead.

Mike Weinstein

Good afternoon. I would like to welcome everyone to our second quarter 2022 earnings conference call. On the call today, we will begin the comments from Peter Faricy, CEO of SunPower, who will provide an update with second quarter announcements and business highlights, followed by our expectations for the remainder of 2022.

Following Peter’s comments, Manu Sial, SunPower’s CFO, will then review our financial results and guidance for the year. As a reminder, a replay of the call will be available later today on the Investor Relations page of our website.

During today’s call, we will be make forward-looking statements that are subject to various risks and uncertainties that are described in the Safe Harbor slide of today’s presentation, today’s press release, our 2021 10-K and our quarterly reports on Form 10-Q. Please see those documents for additional information regarding those factors that may affect these forward-looking statements.

Also, we will reference certain non-GAAP metrics during today’s call. Please refer to the appendix of our presentation as well as today’s earnings press release for the appropriate GAAP to non-GAAP reconciliations. Finally, to enhance the call, we have posted a set of PowerPoint slides which we will reference during the call in the Events and Presentations page of the Investor Relations website. In the same location, we have also posted a supplemental data sheet detailing additional historical metrics.

With that, I’d like to turn the call over to Peter Faricy, CEO of SunPower. Peter?

Peter Faricy

Thanks Mike and good morning everyone. First to comment on the recent announcement of the inflation reduction act before I review our Q2 business highlights. The news gave me an increased hope that the United States can lead the world in the energy transition. The bill could ensure that all Americans get access to Clean Energy technology and the cost savings, resiliency and peace of mind that comes with it. It has the potential to boost our economy with well-paying jobs and communities across the nation.